PSEC Projections Update: Same 4 Investments Carry The Company

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Summary

  • Same as the previous quarter, four investments are responsible for NAV growth and 'other income' needed for covering the dividend.

  • PSEC reported just below its base-case projections mostly due to much lower-than-expected recurring interest income partially offset by other income from NPRC and First Tower.

  • NAV per share increased by 4.7% due to unre…

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